XML 18 R5.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Interest and dividend income:                                          
Loans and leases, including fees $ 113,884 $ 107,762 $ 113,083 $ 103,854 $ 99,309 $ 86,592 $ 88,147 $ 72,769 $ 69,470 $ 67,260 $ 80,242 $ 68,348 $ 216,937 $ 160,916 $ 148,590 $ 324,699 $ 247,508 $ 215,849 $ 438,583 $ 346,817 $ 285,320
Mortgage-backed securities 9,607 9,748 9,998 10,049 10,225 10,234 10,326 10,412 10,155 7,381 5,446 3,864 20,047 20,738 9,310 29,795 30,972 16,690 39,402 41,197 26,846
Other investments 7,851 8,323 14,013 10,886 9,332 7,870 10,482 6,252 5,105 3,984 4,191 3,992 24,899 16,734 8,183 33,222 24,604 12,169 41,073 33,936 17,272
Total interest and dividend income 131,342 125,833 137,094 124,789 118,866 104,696 108,955 89,433 84,730 78,625 89,879 76,204 261,883 198,388 166,083 387,716 303,084 244,708 519,058 421,950 329,438
Interest expense:                                          
Deposits 1,119 1,689 6,685 3,526 1,954 164 2,096 142 100 94 165 141 10,211 2,238 306 11,900 2,402 400 13,019 4,356 500
FHLB advances and other borrowings 2,709 1,394 1,775 2,336 2,754 1,717 1,186 861 362 1,661 1,212 1,137 4,111 2,047 2,349 5,505 3,764 4,010 8,214 6,518 4,372
Total interest expense 3,828 3,083 8,460 5,862 4,708 1,881 3,282 1,003 462 1,755 1,377 1,278 14,322 4,285 2,655 17,405 6,166 4,410 21,233 10,874 4,872
Net interest income 127,514 122,750 128,634 118,927 114,158 102,815 105,673 88,430 84,268 76,870 88,502 74,926 247,561 194,103 163,428 370,311 296,918 240,298 497,825 411,076 324,566
Provision for credit loss 8,672 11,927 29,744 7,758 28,007 22,517 41,960 16,758 8,002 7,863 40,598 329 37,502 58,718 40,927 49,429 81,235 48,790 58,101 109,242 56,792
Net interest income after provision for credit loss 118,842 110,823 98,890 111,169 86,151 80,298 63,713 71,672 76,266 69,007 47,904 74,597 210,059 135,385 122,501 320,882 215,683 191,508 439,724 301,834 267,774
Noninterest income:                                          
Gain on sale of trademarks 0 0 0 0 0 0 0 10,000 0 0 0 50,000 0 10,000 50,000 0 10,000 50,000 0 10,000 50,000
Gain (loss) on sale of other 3,459 4,675 1,695 2,840 2,006 821 (666) 502 (5,202) 1,437 886 (3,328) 4,535 (164) (2,442) 9,210 657 (1,006) 12,669 2,663 (6,207)
Other income 6,979 4,965 6,044 5,179 8,194 5,889 4,477 3,555 6,544 5,271 3,881 1,661 11,223 8,032 5,542 16,188 13,921 10,811 23,167 22,115 17,357
Total noninterest income 52,010 65,871 128,945 52,761 56,051 67,733 127,038 65,777 43,456 53,994 109,766 86,591 181,706 192,815 196,357 247,577 260,548 250,351 299,587 316,599 293,807
Noninterest expense:                                          
Compensation and benefits 52,298 48,449 54,073 46,652 46,352 47,402 47,547 43,017 42,763 45,091 45,047 38,225 100,725 90,564 83,272 149,174 137,966 128,364 201,472 184,318 171,126
Refund transfer product expense 168 2,136 7,366 192 28 1,727 7,863 105 53 2,457 6,260 138 7,558 7,968 6,398 9,694 9,695 8,855 9,862 9,723 8,908
Refund advance expense 20 47 1,846 30 (6) 239 1,603 27 1 (29) 2,002 183 1,876 1,630 2,185 1,923 1,869 2,156 1,943 1,863 2,157
Card processing 33,877 34,314 35,163 34,584 29,549 26,342 26,924 22,683 15,718 8,438 7,457 7,172 69,747 49,607 14,629 104,061 75,949 23,067 137,938 105,498 38,785
Occupancy and equipment expense 9,376 9,070 9,293 8,848 9,274 8,595 8,510 8,312 9,064 8,996 8,500 8,349 18,141 16,822 16,849 27,211 25,417 25,845 36,587 34,691 34,909
Operating lease equipment depreciation 10,445 10,465 10,424 10,423 10,846 10,517 14,719 9,628 9,305 9,145 8,737 8,449 20,847 24,347 17,185 31,312 34,864 26,331 41,757 45,710 35,636
Legal and consulting 8,414 5,410 6,141 4,892 7,633 5,089 4,921 9,459 13,355 11,724 9,347 6,208 11,033 14,380 15,555 16,443 19,469 27,279 24,857 27,102 40,634
Intangible amortization 924 983 1,240 984 1,110 1,168 1,435 1,258 1,396 1,532 2,169 1,488 2,224 2,693 3,657 3,207 3,861 5,188 4,131 4,971 6,585
Impairment expense 0 999 2,013 0 0 0 3,249 24 0 670 0 0 2,013 3,273 0 3,012 3,273 670 3,012 3,273 670
Other expense 17,840 13,637 13,183 14,472 16,453 9,987 11,404 8,395 7,950 4,523 14,243 15,152 27,655 19,799 29,396 41,292 29,787 33,918 59,132 46,239 41,868
Total noninterest expense 133,362 125,510 140,742 121,077 121,239 111,066 128,175 102,908 99,605 92,547 103,762 85,364 261,819 231,083 189,126 387,329 342,150 281,673 520,691 463,388 381,278
Income before income tax expense 37,490 51,184 87,093 42,853 20,963 36,965 62,576 34,541 20,117 30,454 53,908 75,824 129,946 97,117 129,732 181,130 134,081 160,186 218,620 155,045 180,303
Income tax expense 3,382 6,103 16,926 7,697 (4,821) 377 7,860 6,171 (1,854) 6,742 7,183 14,130 24,623 14,031 21,313 30,726 14,408 28,055 34,108 9,587 26,201
Net income before noncontrolling interest 34,108 45,081 70,167 35,156 25,784 36,588 54,716 28,370 21,971 23,712 46,725 61,694 105,323 83,086 108,419 150,404 119,673 132,131 184,512 145,458 154,102
Net income attributable to noncontrolling interest 575 212 249 257 507 508 597 580 687 1,448 851 (18) 506 1,177 833 718 1,685 2,281 1,293 2,192 2,968
Net income attributable to parent $ 33,533 $ 44,869 $ 69,918 $ 34,899 $ 25,277 $ 36,080 $ 54,119 $ 27,790 $ 21,284 $ 22,264 $ 45,874 $ 61,712 $ 104,817 $ 81,909 $ 107,586 $ 149,686 $ 117,988 $ 129,850 $ 183,219 $ 143,266 $ 151,134
Earnings per common share:                                          
Basic (in dollars per share) $ 1.34 $ 1.78 $ 2.74 $ 1.34 $ 0.96 $ 1.35 $ 1.97 $ 0.98 $ 0.73 $ 0.76 $ 1.54 $ 2.01 $ 4.07 $ 2.92 $ 3.56 $ 5.86 $ 4.28 $ 4.34 $ 7.21 $ 5.26 $ 5.09
Diluted (in dollars per share) $ 1.34 $ 1.78 $ 2.74 $ 1.34 $ 0.96 $ 1.34 $ 1.96 $ 0.98 $ 0.73 $ 0.76 $ 1.54 $ 2.01 $ 4.07 $ 2.92 $ 3.56 $ 5.85 $ 4.27 $ 4.34 $ 7.20 $ 5.24 $ 5.09
Refund transfer product fees                                          
Noninterest income:                                          
Noninterest income: $ 1,703 $ 9,111 $ 28,942 $ 422 $ 308 $ 8,262 $ 30,205 $ 677 $ 1,136 $ 10,289 $ 27,805 $ 579 $ 29,364 $ 30,882 $ 28,384 $ 38,475 $ 39,144 $ 38,674 $ 40,178 $ 39,452 $ 39,809
Refund advance fee income                                          
Noninterest income:                                          
Noninterest income: 229 (67) 43,200 111 (252) (927) 37,995 617 45 (20) 39,299 1,233 43,311 38,612 40,532 43,244 37,685 40,513 43,473 37,433 40,557
Card and deposit fees                                          
Noninterest income:                                          
Noninterest income: 26,441 33,408 35,344 30,750 31,233 39,708 42,087 37,718 28,909 24,935 26,520 25,369 66,094 79,805 51,889 99,502 119,513 76,825 125,943 150,746 105,733
Rental income                                          
Noninterest income:                                          
Noninterest income: $ 13,199 $ 13,779 $ 13,720 $ 13,459 $ 14,562 $ 13,980 $ 12,940 $ 12,708 $ 12,024 $ 12,082 $ 11,375 $ 11,077 $ 27,179 $ 25,648 $ 22,452 $ 40,958 $ 39,628 $ 34,534 $ 54,157 $ 54,190 $ 46,558